Table 24

Five-year estimated net gains and losses and returns
per member, Project Independence
(1993 dollars)

                                   
                  Accounting Perspective:                 
Component of Analysis: Welfare
Sample 		Government
Budget 		 
Taxpayer 		 
Society
Earnings 600 0 0 600
Fringe benefits 89 0 0 89
Tax payments
  Payroll taxes -46 92 46 0
  Income and sales taxes 25 -25 -25 0
Transfer programs
  AFDC payments -422 422 422 0
  Food Stamps -209 209 209 0
  UI compensation 24 -24 -24 0
  Total Medicaid -430 430 430 0
  Transfer administrative costs 0 118 118 118
Net cost of Project
Independence and non-Project
Independence activities and
services 		 
 
 
0 		 
 
 
-1150 		 
 
 
-1150 		 
 
 
-1150
Preference for work over
welfare 		 
+ 		 
0 		 
+ 		 
+
Foregone personal and family
activities 		 
- 		 
0 		 
0 		 
-
Value of education not reflected
in earnings 		 
+ 		 
0 		 
+ 		 
+
Net gain or loss
(net present value) 		 
-369 		 
72 		 
26 		 
-343
Return to government budget
per net dollar invested in
Project Independence and non-
Project Independence activities
and services 		 
 
 
 
n/a 		 
 
 
 
1.06 per $1 		 
 
 
 
1.02 per $1 		 
 
 
 
n/a
Source: Kemple, Friedlander, and Fellerath (1995), Table 7.5.